Gladstone Institutional Advisory LLC Trims Position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Gladstone Institutional Advisory LLC cut its position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 59.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,857 shares of the company’s stock after selling 544,932 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $7,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC grew its position in First Trust Long Duration Opportunities ETF by 17.1% during the third quarter. HighTower Advisors LLC now owns 938,764 shares of the company’s stock worth $21,033,000 after buying an additional 137,364 shares in the last quarter. GDS Wealth Management boosted its position in shares of First Trust Long Duration Opportunities ETF by 13.0% during the 4th quarter. GDS Wealth Management now owns 876,285 shares of the company’s stock valued at $18,262,000 after acquiring an additional 100,602 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of First Trust Long Duration Opportunities ETF by 21.3% during the third quarter. Stephens Inc. AR now owns 729,784 shares of the company’s stock worth $16,347,000 after purchasing an additional 127,913 shares in the last quarter. Raymond James & Associates increased its position in shares of First Trust Long Duration Opportunities ETF by 181.5% in the third quarter. Raymond James & Associates now owns 707,199 shares of the company’s stock worth $15,841,000 after purchasing an additional 456,002 shares during the last quarter. Finally, Financial Enhancement Group LLC purchased a new stake in First Trust Long Duration Opportunities ETF in the fourth quarter valued at approximately $14,089,000.

First Trust Long Duration Opportunities ETF Price Performance

LGOV stock opened at $20.94 on Wednesday. The firm has a 50 day simple moving average of $20.98 and a two-hundred day simple moving average of $21.57. First Trust Long Duration Opportunities ETF has a one year low of $20.07 and a one year high of $23.64.

About First Trust Long Duration Opportunities ETF

The First Trust Long Duration Opportunities ETF (LGOV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund holds an actively managed portfolio of US government bonds with an average duration of eight or more years. The fund seeks current income with a focus on capital preservation.